Property Damage Coverage
Firstly, car damage property coverage pays for the repairs to the property damage you caused in an accident. However, this type of coverage does not provide protection for your own property damages. Keep reading to learn more about property damage coverage and car liability damage in Illinois.
You may buy property damage coverage in one of two ways. For instance, you can do it as a combined single limit policy, or a split limit policy. With a combined single limit policy, the limit that applies to the whole accident may cover bodily injury or property damage. Or, in some situations, it may cover both.
By Illinois law, the minimum property damage requirement is $20,000 per collision.
You can find your property damage in a three number format like “25/50/20”. The first two numbers are the bodily injury limits. The third number is the policy limit for property damage per accident.
These limits may go up for an extra cost. So, remember that if you cause an accident that exceeds your policy limits, the other party may sue you for the difference.
For additional information regarding property damage in the state of Illinois, please visit the Illinois Department of Insurance.
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